The group is also promoting Alastair Gunn to manage the equity portfolio of its £549m High Income fund. Gunn will take over from Anthony Nutt on 1 July.

Gunn, meanwhile, has co-managed the Jupiter Distribution fund with bond manager Rhys Petheram since July 2010, and will work alongside Ariel Bezalel on High Income.

“Our UK team remains at the heart of our equity proposition, blending highly experienced managers such as Ben Whitmore and Ian McVeigh, and emerging talent such as Steve Davies, Alastair Gunn and Chris Watt,” said Jupiter CIO John Chatfeild-Roberts.

“It is pleasing to be in a position to ‘promote from within’ two managers who have demonstrated their ability to deliver outperformance over the medium to long term.”